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VEAM's stock hikes thanks to profits of Honda, Toyota and Ford joint ventures

Viet Nam Engine and Agricultural Machinery Corporation, one of the largest companies in the field of engineering, machinery manufacturing, truck assembly and manufacturing has attained strong profits, mainly attributed to successes of its joint ventures with Honda, Toyota and Ford car makers.

Piaggio's sale plummeted but still recorded profit

Although Piaggio's sale in Vietnam decreased sharply compared to previous years, its profit still reached $17-21 million per year in the last three years.

“New barrier” on automobile import

The Government’s Decree No. 116/2017/ND-CP which came in full force and effect on January 01, 2018, is viewed as a “new barrier" to protect domestic automobile industry from the automobiles imported from ASEAN entitled to a zero per cent tariff, according to automobile importers and exporters.

Competition in automobile market fiercer than ever

The auto market in Viet Nam is becoming more competitive when car firms drop prices to promote consumption in the context of ASEAN’s new tariff cut and the government’s tax policy changes.

Stock indexes
976.05 -6.52 -0.66
Volume: 139,846,186 Value: 3,608.35 (Billions VNĐ)
106.74 0.16 0.15
Volume: 21,250 Value: 2.2 (Billions VNĐ)
57.42 0.37 0.64
Volume: 12,239,568 Value: 242.29 (Billions VNĐ)
870.81 -8.94 -1.02
Volume: 44,968,100 Value: 1,580.2 (Billions VNĐ)